Corporate Knights

JANUARY 25, 2023

The shrivelled Rhine of 2018 became a harbinger of the devastating impact that climate change will have on the backbone of the German economy. You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. On the face of it, it is.

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Climate Change Net Zero Stranded Assets Shipping 303

Chris Hall

MAY 27, 2022

When it comes to gathering the collective will to tackle climate change, it is often argued that public policy actions and private sector commitments are mutually reinforcing, spurring each side to go further and faster. The private sector’s ability to accelerate the pace of net zero transition is open to question.

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Net Zero Stranded Assets Paris Agreement Greenwashing 52

Sustainable Development Network

AUGUST 30, 2019

A common message from Professor Jeffrey Sachs, Director of SDSN, is the critical need to articulate a clear long-term vision and not an incremental approach in order to avoid stranded assets and technology lock-in which will inhibit the energy transformation necessary to achieve the Paris Agreement goals.

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Paris Agreement Stranded Assets Decarbonize Climate Change 52

Chris Hall

AUGUST 12, 2022

Noting that the number of court cases being brought against companies on climate-related grounds has recently topped 2,000, the report says some plaintiffs are seeking to recover the costs of climate change itself, or the expense caused by having to adapt to it. Resort to the courts. Vital role of non-execs.

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Corporate Knights

JULY 25, 2023

The Fine Print on Carbon Credits The definitions in the federal document take a fairly expansive view of “inefficient” subsidies that “encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources, and undermine efforts to deal with the threat of climate change,” as the G20 defined the term in 2009.

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

3BL Media

SEPTEMBER 29, 2023

Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Finance climate action Financing climate action can take many forms, such as green bonds or sustainability-linked loans.

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Net Zero Divestment Banking Stranded Assets 147

Chris Hall

JUNE 23, 2022

C, in line with the Paris Agreement goal. . “If The report warns that fossil fuel demand will peak as government policies to cut emissions, asset owners’ net-zero commitments and the rapid growth of clean energy technologies combine to transition the economy towards renewables.

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Chris Hall

APRIL 14, 2023

Swedish government pension fund AP7 is a universal owner that manages around SEK1 trillion (US$968 billion) in AuM, with 90% of its assets invested in a diversified equities portfolio across more than 3,000 companies. The post The “Ripple Effect” of Universal Ownership appeared first on ESG Investor.

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Net Zero Paris Agreement Divestment Global Economy 52

We Mean Business Coalition

NOVEMBER 22, 2021

This post originally appeared on Climate Change News. The street and the boardroom are closer than they have ever been on climate. The Glasgow Climate Pact and recent pledges have kept 1.5°C After the Paris Agreement the message was clear: Ambition, Ambition, Ambition. C alive, just.

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COP26 Paris Agreement Net Zero Stranded Assets 52

Chris Hall

APRIL 21, 2023

The post Investors to Hold US Banks and Insurers to Account on Climate appeared first on ESG Investor.

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Banking Net Zero Stranded Assets Climate Change 52

Chris Hall

MARCH 16, 2022

In examining sustainability pressures and financial risk in the blue economy, WWF warned that if ocean resources continued to be extracted at current rates, “we increase the risk of ‘stranded assets’ materialising in portfolios, i.e. through assets suffering unanticipated or premature write-offs, downward revaluations or conversions to liabilities”.

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UNEP Banking Paris Agreement Stranded Assets 98

Chris Hall

JULY 14, 2023

Global temperatures are set to hit record-breaking levels this summer, with regions of persistent high pressure creating heat domes across several southern US states in June, posing health risks to millions of Americans.

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Net Zero Divestment Paris Agreement Stranded Assets 52

Chris Hall

MAY 4, 2022

If an oil and gas company announces a 2050 net zero target but doesn’t show any changes to capex (for example, shifting to renewable energy) or asset valuation (to account for stranded asset risk) this could make investors and other stakeholders doubt the credibility of the company’s transition strategy,” Wartmann says. .

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Net Zero Carbon Offsets Paris Agreement Climate Change 52

Chris Hall

MAY 11, 2022

In late April, the UK High Court ruled that charity trustees can consider climate change factors when making decisions over their investments, even if it means making lower returns. How should I respond to wider systemic risks – and opportunities – such as those presented by climate change?

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UNEP Net Zero Sustainable Investment Stranded Assets 52

Chris Hall

AUGUST 23, 2023

Some companies will start acting and some won’t; there’s more risk of stranded assets.” What role should investors play? The Organisation for Economic Co-operation and Development (OECD) has estimated that maritime trade volumes will triple by 2050. Encouragingly, governments are also demonstrating a willingness to work together.

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Chris Hall

APRIL 12, 2023

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. For investors and companies with assets within those key biodiversity areas, this raises the issue of stranded assets.

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Supply Chains Supply Chain Divestment CDP 52

Chris Hall

APRIL 27, 2022

At COP26 in Glasgow last year, governments, businesses, and other stakeholders in the automotive industry and road transport committed to “rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement”. Costs are rising for laggards in a number of ways.

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Net Zero Manufacturing Supply Chains Supply Chain 52

Chris Hall

NOVEMBER 16, 2022

The idea to utilise voluntary markets is “a good one”, as it’s “part of the principle of ‘cooperative action’ enshrined in the Paris Agreement,” Guy Turner, CEO of specialist data, analysis and advisory firm Trove Research, tells ESG Investor. . “It degrees of climate change. . The deal committed US$8.5

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Eco-Business

FEBRUARY 17, 2020

The global fight against climate change is gradually gaining momentum, with countries like Canada, China, Germany, India, Japan, and the EU reaffirming commitment to the Paris Agreement, and more than 80 mayors in the US confirming that they will continue with agreed guidelines.

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Carbon Offsets Stranded Assets Climate Change Paris Agreement 19

Chris Hall

JULY 20, 2022

While Group of Seven governments are announcing grand plans , asset owners in developed markets are increasingly keen to play their part in this transition. . The IEA blueprint involves unprecedented levels of change, the agency admits, and requires clear government strategies and policies. of GDP), with two ?

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Development Net Zero Stranded Assets Chief Sustainability Officer 52

We Mean Business Coalition

NOVEMBER 12, 2021

SATURDAY 13 NOVEMBER – This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . The Glasgow Climate Pact represents a vital step in our shared efforts to keep global warming to 1.5 °C C and implement the Paris Agreement and will be welcomed by the business community.

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Richard Matthews

SEPTEMBER 20, 2021

As reported by Newsweek , an NCSE survey revealed that teachers offer their students very little climate education and when they do, it is often inaccurate (60% of teachers are unaware of the scientific consensus on climate change). A total of 208 educational institutions have divested their assets from fossil fuels.

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Divestment Climate Change Stranded Assets Paris Agreement 63